Lonza Extends Tender Offer to Acquire Arch Chemicals

Lonza says that its LG Acquisition Corp. subsidiary has extended the expiration date for its previously announced tender offer for all outstanding shares of biocides maker Arch Chemicals (Norwalk, CT), to September 12, 2011. Lonza announced last month that it will acquire Arch in a deal valued at $1.4 billion. Lonza launched the tender for all of Arch’s outstanding shares on July 15 for $47.20/share in cash. The tender offer was initially scheduled to expire on August 11. “The tender offer has been extended because certain conditions to the tender...

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